Some people may disagree with me and say there is nothing wrong with gambling but I think it is wrong. I was raised to believe it is wrong.My brother-in-law started gambling and he lost his house and went bankrupt.Him and his wife stay in arguement over it and he is draining my father-in -law and my mother-in-law dry, getting money from them to gamble with. My in-laws don't even know what he is doing with the money.A lady I know gambled every chance she got and she went to prison because she got caught stealing at a store to feed her gambling habit.She has a husband and two teenage children.It ruins the circle of the family.Jennifer

Gambling is a terrible habit, but for many tribes it is one of the few sources of employment and income for the community. It's quite the catch 22. Are there things other than casinos which could generate taxable revenue and at the same time follow American Indian ethical traditions???

yea my exmother in law had a couple of the video poker machines in her hamburger hotdog joint, she made alot more money on the machines than fixing burgers and she only got half the money cause she didnt own the machines

True enough Wally and yet I don't hear you objecting to Wall Street taking sub-prime loans on mortgages and bundling them together then spinning them and chopping them up and selling them while at the same time taking out insurance in case of losses (AIG) and then betting against the "investments." All of which led to a financial meltdown on a world wide basis. When the governmental cutbacks came programs for The First Nations were hit with draconian cuts all the while the US FED= provided loans to banks for .025% for the US and .050% to the world's banks.

WalLiDruDumA wrote:

Are there things other than casinos which could generate taxable revenue and at the same time follow American Indian ethical traditions???

Yes, it is called resource development such as geothermal that Russell Means talks about in his book Where White Men Fear to Tread. Everybody was for it until Russell talked about it being controlled by the tribe. Then no one wanted anything to do with it.

By what right does the USFS and the BLM contract for timber, mining, water, tourism and recreation let alone the dumping of toxic materials on lands that belong to The First Nations?

Last edited by Lostspirit on Fri Jul 20, 2012 10:49 pm, edited 2 times in total.

Occupy the SEC is pleased to see that the CFTC has acted upon Barclays’ extensive and long-term practice of fraudulent pricing of LIBOR and EURIBOR. The CFTC’s $200 million dollar settlement with Barclays, the Department of Justice’s penalty of $160 million and the United Kingdom’s FSA settlement of £59.5 million are significant enforcement achievements. Barclays’ mispricing of reference rates has affected entire economies throughout the globe, given that businesses of all sizes routinely borrow on reference rates tied to LIBOR and Euribor. This arbitrary and self-serving rate settings affected corporate customers, floating rate lenders, derivative counterparties and ultimately any entity or person doing business with companies borrowing at LIBOR. There is a strong argument to be made that while $452 million of total settlements that Barclays agreed to is not an insignificant amount, it pales in comparison to the damages caused by incorrect pricing on HUNDREDS of TRILLIONS of dollars of financial contracts. More recent developments have made clear that criminal manipulation of LIBOR has extended well beyond just Barclays.

Many of the banks involved in LIBOR and Euribor pricing were borrowing at prices typically significantly higher than their LIBOR and Euribor quotes during the period in question, and we have strong reason to believe that mispricing of these reference rates was rampant throughout the industry. Accordingly, we hope the CFTC and other bank regulators do not limit their investigations to Barclays, and instead scrutinize the activities of all of the banks that participated in the setting of these reference rates.

Further, Occupy the SEC expects the regulators to pursue criminal prosecution of the individuals that participated in this fraud. The CFTC’s press release makes clear that it knows the exact identifies of the principal actors behind this criminal activity. Occupy the SEC believes theU.S. has historically had been viewed as the strongest, fairest and most transparent financial market in the world. The entire U.S. economy benefits from this leading position. Yet if our regulators do not prosecute perpetrators, financial institutions will continue to act fraudulently. Regulatory fines will be disregarded as the mere cost of doing business, and will lose their deterrent value. When regulators fail to prosecute, individual perpetrators often walk away scot-free, free to collect their bonuses and continue engaging in similar activities at the same or another institution.

We encourage the regulators, particularly the SEC, to continue to use all the investigative and prosecutorial powers at their disposal to pursue the various securities law violations that have become apparent on an unprecedented scale during the current financial crisis. We are particularly distressed that the SEC has not taken action to prosecute any major CFOs or CEOs for Sarbanes-Oxley violations, and look forward to the day that the SEC takes an active role in enforcing that critical piece of investor protection legislation.

Occupy the SEC is a group of concerned citizens, activists, and financial professionals with decades of collective experience working at many of the largest financial firms in the industry. Occupy the SEC filed a 325-page comment letter on the Volcker Rule NPR, which is available at http://www.occupythesec.org/

Occupy Denver’s endorsement of AIM’s proposal was one of the first and most important things that we have done. Denver was one of the first to ratify such a document, and this exact document was endorsed by many other occupies. With Columbus Day approaching we reflect on this powerful call to arms, and recognize that we still have much work to do.

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